35,331 Shares in Spok Holdings, Inc. (NASDAQ:SPOK) Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. purchased a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,331 shares of the Wireless communications provider’s stock, valued at approximately $523,000. Panagora Asset Management Inc. owned about 0.17% of Spok at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPOK. Bailard Inc. boosted its position in shares of Spok by 17.6% during the 2nd quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 2,592 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Spok by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock valued at $3,439,000 after buying an additional 2,303 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Spok by 11.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 38,621 shares of the Wireless communications provider’s stock worth $572,000 after buying an additional 3,883 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Spok during the 2nd quarter worth approximately $112,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Spok in the 2nd quarter valued at $196,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares in the company, valued at approximately $2,990,395.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Spok news, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the completion of the sale, the chief executive officer now directly owns 201,645 shares of the company’s stock, valued at approximately $2,990,395.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael W. Wallace sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the completion of the transaction, the chief operating officer now owns 49,465 shares in the company, valued at approximately $732,082. The disclosure for this sale can be found here. Corporate insiders own 11.88% of the company’s stock.

Spok Price Performance

Shares of SPOK opened at $14.72 on Wednesday. Spok Holdings, Inc. has a one year low of $13.20 and a one year high of $18.14. The company has a market cap of $298.02 million, a PE ratio of 17.73 and a beta of 0.35. The stock has a 50-day moving average of $15.21 and a 200-day moving average of $15.50.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $0.17 EPS for the quarter. Spok had a return on equity of 9.56% and a net margin of 11.19%. The firm had revenue of $33.98 million during the quarter.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 19th will be paid a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Monday, August 19th. Spok’s dividend payout ratio (DPR) is 150.60%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.